Monday, November 14, 2011

Better Place Gets $200M

Palo Alto-based Better Place said Friday that it has raised $200M in a Series C financing round, at a valuatoin of $2.25 billion post-money. The firm said it has now raised more than $750M in funding. The funding came from GE and UBS AG, as well as prior investors Israel Corp., HSBC Group, Morgan Stanley Investment Management, VantagePoint Capital Partners, Ofer Group and Maniv Energy Capital. The firm said the funding will go to expand in Western Europe. Better place is aprovider of electric car charging infrastructure, and is headed by Shai Agassi. More information »